In a report released today, Gus Richard from Northland Securities maintained a Buy rating on Veeco (VECO), with a price target of $20.00. The company’s shares closed last Wednesday at $12.31.
According to TipRanks.com, Richard is a top 100 analyst with an average return of 25.0% and a 70.1% success rate. Richard covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Power Integrations, and Enphase Energy.
Veeco has an analyst consensus of Strong Buy, with a price target consensus of $17.70.
See today’s analyst top recommended stocks >>
Based on Veeco’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $98.64 million and GAAP net loss of $8.3 million. In comparison, last year the company earned revenue of $97.82 million and had a GAAP net loss of $15.57 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Veeco Instruments, Inc. engages in the development, manufacture, sale and support of semiconductor process equipment. Its technologies consists of metal organic chemical vapor deposition, advanced packaging lithography, wet etch and clean, laser annealing, ion beam, molecular beam epitaxy, wafer inspection, and atomic layer deposition systems. The company was founded in 1989 and is headquartered in Plainview, NY.
